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Technology Stocks : Discuss Year 2000 Issues

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To: Bill Ounce who wrote (1880)	5/21/1998 4:11:00 PM
From: Bill Ounce	Read Replies (1) of 9818

USA Today -- Investors must keep 2000 bug in mind usatoday.com NEW YORK - With 589 days left before computers are asked to recognize the year 2000, some investors and stock analysts are taking the first steps toward sorting companies fit to survive Y2K computer bugs from those that might not. [...] ''Some of the risks could be life-threatening to a corporation, and the shareholder has a right to know that as soon as possible and in as much detail as possible,'' [Utah R senator Bob] Bennett says. He expects the year 2000 will bring a ''tremendous wealth transfer'' from pockets of investors in companies, and in countries, that are not prepared to pockets of investors in competitors that are ready. [...] Until now, most reports from major Wall Street firms about Y2K have argued about the bug's potential, or lack thereof, to cause a recession. Those opinions have been more entertaining than useful because no one will know who is right until the time comes. But reports are beginning to focus on how the problem will affect banks and insurance companies. [...]

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